Sierra Metals Inc. provides an update today on its previously announced independent special committee process. Special Committee Process In October 2022, a committee of the Company's independent directors initiated a process to explore, review and consider options to optimize the operations of the Company as well as financing, restructuring and [...]
Sierra Metals Inc. hereby announces the voting results from its annual and special meeting of shareholders held on Wednesday, June 28, 2023 . A total of 126,949,634 common shares were represented at the Meeting, being 77.13% of the Company's issued and outstanding shares. Shareholders voted in favour of each of the matters put to them at the [...]
Sierra Metals Inc. today announces Glass Lewis' recommendation that shareholders vote FOR all of management's nominees at the Company's upcoming annual and special meeting of shareholders scheduled for June 28, 2023 . Glass Lewis emphasized its "substantial concerns" with Arias Resource Capital's "general candor" and corporate governance track [...]
Concerned about Arias Resources Capital's history of governance failures and value destruction at Sierra Metals Inc. Believes that Arias Resources Capital's director nominees are being proposed to advance its selfish interests in relation to Sierra Metals Inc. and not in the best interests of Sierra Metals Inc. or its shareholders. Cranley [...]
Sierra Metals Inc. announces that its meeting materials for its June 28, 2023 annual and special meeting of shareholders will be filed under its directory on the System for Electronic Document Analysis and Retrieval at www.sedar.com on Wednesday, June 7, 2023. The Company is making this announcement in response to inquiries from shareholders with [...]
Sierra Metals Inc. announced today that it has appointed Ernesto Balarezo to Chief Executive Officer and José Fernández-Baca to Chief Financial Officer, both of whom had been previously serving on an interim basis. "The Sierra Metals Board of Directors is very pleased to secure Mr. Balarezo and Mr. Fernández-Baca as CEO and CFO of the Company [...]
Sierra Metals Inc. announces that, in connection with the press release dated March 13th 2023, it has finalized the definitive agreement with Banco de Credito del Peru and Banco Santander S.A. to refinance $18.75 million out of the $25.00 million principal debt repayment obligations that were originally due in 2023 under the Company's senior [...]
Sierra Metals Inc. today issues a statement in response to the news release issued by its shareholder Arias Resource Capital and its principal, Alberto Arias on May 15, 2023 and ARC's circular dated May 11, 2023 . Once again, the Company believes it has an obligation to its shareholders to correct false or misleading statements made by ARC. The ARC [...]
Sierra Metals Inc. today reported financial results for the three-month period ended March 31, 2023, including revenue of $58.5 million and adjusted EBITDA of $15.2 million on throughput of 577,284 tonnes and metal production of 18.0 million copper equivalent pounds. Ernesto Balarezo, Interim CEO of Sierra Metals, commented, "Our financial [...]
Sierra Metals Inc. today issues a statement in response to recent communications materials issued by its shareholder Arias Resource Capital , including a news release ARC issued on May 9, 2023 . The Company acknowledges that it has also seen the circular issued by ARC on May 12, 2023 and plans to consider the contents and respond in due course. The [...]
Sierra Metals Inc. announces the filing at the Lima Stock Exchange by its subsidiary, Sociedad Minera Corona S.A. of its unaudited Financial Statements and the Management's Discussion and Analysis for the first quarter of 2023 . The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at: SMV [...]
Slate to Oversee Turnaround and Restore Sierra Metals to its Former Track-Record of Prosperity and Value Creation Nomination comes from Sierra's largest shareholders as Sierra continues to underperform operationally, faces an unsolved financial crisis, and struggles to meet its debt obligations due to a significant drop in metals production [...]